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Tax

Michael Saylor, MicroStrategy sued for tax fraud by D.C. Attorney General
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1 September, 2022

Michael Saylor, MicroStrategy sued for tax fraud by D.C. Attorney General

District of Columbia Attorney General Karl A. Racine announced that his office was suing the MicroStrategy founder over allegedly having...
Levy on digital asset airdrops sought in South Korea
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26 August, 2022

Levy on digital asset airdrops sought in South Korea

South Korea heightens its digital asset regulation with the finance ministry announcing that airdropped assets are now subject to a...
Oklahoma approves bill cutting costs for block reward miners
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3 May, 2022

Oklahoma approves bill cutting costs for block reward miners

The lower chamber of the state Senate in Oklahoma approved the bill, which seeks to tax block reward miners like...
US now defines Bitcoin and digital assets as cash—for large transaction reporting
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31 January, 2022

US now defines Bitcoin and digital assets as cash—for large transaction reporting

The U.S. Infrastructure Bill has a number of new rules aimed at controlling digital asset use, including an eight-word alteration...
IRS updates digital currency question in 1040 tax form
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16 December, 2021

IRS updates digital currency question in 1040 tax form

The tax agency posted its 1040 form last year to ask about virtual assets; however, a query led to confusion...
South Korea postpones 20% digital currency tax to 2023
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5 December, 2021

South Korea postpones 20% digital currency tax to 2023

The country’s National Assembly resolved to push the tax after months of fierce back and forth between the government and...
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